Corporate news

FILE - This Oct. 15, 2019, file photo shows a WeWork logo at the entrance to one of their office spaces in the SoHo neighborhood of New York. Japanese technology company SoftBank Group Corp. ended on Thursday, April 2, 2020, its tender offer of up to $3 billion worth of shares in office-space rental venture WeWork. (AP Photo/Mary Altaffer, File)
April 02, 2020 - 2:38 am
TOKYO (AP) — Japanese technology company SoftBank Group Corp. called off its offering of up to $3 billion worth of shares in office-space rental venture WeWork, though it remains committed to its $5 billion bailout of the financially troubled company. The main loser in the offer's failure is WeWork...
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FILE - In this Feb. 1, 2020, file photo, funeral home workers remove the body of a person suspected to have died from the coronavirus outbreak from a residential building in Wuhan in central China's Hubei Province. Skepticism about China’s reported coronavirus cases and deaths has swirled throughout the crisis, fueled by official efforts to quash bad news in the early days and a general distrust of the government. In any country, getting a complete picture of the infections amid the fog of war is virtually impossible. (Chinatopix via AP, File)
April 01, 2020 - 10:37 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: ___ — Tunisia proposes UN Security Council resolution...
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Wearing a mask amid concerns of the spread of COVID-19 a woman pushes a basket full of groceries out of a store in Richardson, Texas, Wednesday, April 1, 2020. (AP Photo/LM Otero)
April 01, 2020 - 7:58 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds...
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Major League Soccer Commissioner Don Garber speaks during the Major League Soccer 25th Season kickoff event in New York, Wednesday, Feb. 26, 2020. (AP Photo/Richard Drew)
April 01, 2020 - 7:02 pm
Major League Soccer plans to cut the pay of some executives and front office personnel while the season is on hold because of the coronavirus pandemic, a person with knowledge of the situation told The Associated Press on Wednesday. MLS Commissioner Don Garber and Deputy Commissioners Mark Abbott...
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In this photo taken from video provided by the New York Stock Exchange, NYSE Security Director Gregory Crane rings the opening bell at the NYSE on Wednesday, April 1, 2020. U.S stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. (New York Stock Exchange via AP)
April 01, 2020 - 3:19 pm
NEW YORK (AP) — Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts — and as experts say they still can’t predict when it will end. The S&P 500 lost 4.4% after the White House said anywhere from 100,000 to...
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FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Mobile carrier T-Mobile has completed its takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The deal was announced two years ago and has taken a long time to close because of pushback from state and federal regulators.(AP Photo/Bebeto Matthews, File)
April 01, 2020 - 1:52 pm
NEW YORK (AP) — Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The companies announced the deal, valued at $31.6 billion based on T-Mobile's closing stock price Tuesday, two years ago. It has taken...
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Brazil's President Jair Bolsonaro greets supporters and journalists as he arrives to give a news conference on the new coronavirus at Planalto presidential palace in Brasilia, Brazil, Friday, March 27, 2020. Even as coronavirus cases mount in Latin America’s largest nation, Bolsonaro is calling the pandemic a momentary, minor problem and saying strong measures to contain it are unnecessary. (AP Photo/Andre Borges)
March 31, 2020 - 7:40 pm
SAO PAULO (AP) — Major social media companies are taking aim at Brazilian President Jair Bolsonaro's dismissal of social distancing, joining others in the country who have lined up against his controversial stance regarding the new coronavirus. Facebook and Instagram removed posts by the far-right...
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Businesses are closed and very few people are out in downtown Wilkes-Barre, Pa., Monday, March 23, 2020, heeding the advice of Gov. Tom Wolf. (Aimee Dilger/The Times Leader via AP)
March 31, 2020 - 6:46 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. ________ INDUSTRY: Less than a week after saying it planned to reopen five North...
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FILE - In this Dec. 3, 2018, file photo, a vehicle rests in front of a home leveled by the Camp Fire in Paradise, Calif. California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million for igniting a series of Northern California 2018 deadly wildfires rather than risk that the harsher punishment will scuttle the utility's plan to emerge from bankruptcy protection, the state's Public Utilities Commission said in a document made public Monday, March 30, 2020. (AP Photo/Noah Berger, File)
March 31, 2020 - 6:42 pm
BERKELEY, Calif. (AP) — California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million over a series of deadly Northern California wildfires rather than risk that the harsher punishment might scuttle the utility's plan to get...
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FILE - This Dec. 12, 2018, file photo shows traffic on the Hollywood Freeway in Los Angeles. The Trump administration is rolling back tough Obama-era mileage standards and gutting one of the United States' biggest efforts to slow climate change. The administration released its relaxed mileage rules Tuesday. (AP Photo/Damian Dovarganes, File)
March 31, 2020 - 3:19 pm
WASHINGTON (AP) — The Trump administration's rollback of mileage standards Tuesday marks a win for Americans who like their SUVs and pickup trucks, but the government's own estimates show big costs, too — more Americans dying from air pollution, more climate-damaging tailpipe exhaust and more...
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